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Showing 1 - 10 of 57 results for "market integrity rules"

Petra Capital fined over misreporting of 15k trades

MATTHEW WAI  |  THURSDAY, 5 FEB 2026
... Disciplinary Panel (MDP) for misreporting information on 3632 orders. The MDP found that Petra had breached the market integrity rules by failing to provide accurate information, leading to one client appearing as multiple clients on 3632 occasions. ...

Societe Generale fined $3.88m

ELIZA BAVIN  |  TUESDAY, 2 SEP 2025
... suspicious orders from being placed on the electricity and wheat futures market. ASIC said SocGen breached market integrity rules by allowing two of its clients to place 33 suspicious orders from May 2023 to February 2024. This marks ASIC's fifth ...

ASIC proposes 'kill switches' for unusual trading

ELIZA BAVIN  |  THURSDAY, 28 AUG 2025
ASIC is consulting on proposed changes to modernise market integrity rules (MIRs) governing participants' trading systems and automated trading. ASIC said the proposed changes aim to keep pace with continued developments in technology, including artificial ...

Macquarie reprimanded again for derivatives compliance failures

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... transactions on electricity futures. ASIC's Markets Disciplinary Panel (MDP) found Macquarie breached market integrity rules on 50 occasions between January to September 2022, allowing three of its clients to place suspicious orders. In a follow-up ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... order transactions on electricity futures. ASIC's Markets Disciplinary Panel (MDP) found Macquarie breached market integrity rules on 50 occasions between January to September 2022, allowing three of its clients to place suspicious orders. Macquarie ...

Ascot Securities hit with infringement notice for 'serious failures'

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... reasonable grounds to believe that Ascot had breached s798H(1) of the Corporations Act by repeatedly violating market integrity rules. These breaches included entering a client's orders onto the ASX that it should've suspected were manipulative and failing ...

Nomura offshoot fined by ASIC disciplinary panel

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... Markets Disciplinary Panel (MDP) has fined a Nomura subsidiary almost $700,000 for failing to comply with market integrity rules. Instinet Australia, the local arm of the global, Nomura-owned stockbroker, was issued the infringement notice after it was ...

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... million penalty, the largest sanction ever imposed by an ASIC Market Disciplinary Panel, after contravening market integrity rules. An ASIC investigation was triggered by a series of transgressions, most notably Openmarkets' failure to respond to ...

Morrison Securities pays infringement over DTRs

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... notice given by the Markets Disciplinary Panel (MDP). According to the MDP, Morrison contravened the ASIC Market Integrity Rules on six occasions between October and November 2021. Specifically, On October 27, a client of Morrison inadvertently directed ...

Ord Minnett cops $888k fine over buyback

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAY 2023
... Market Disciplinary Panel handed Ord Minnett an $888,000 infringement notice over two contraventions of market integrity rules which occurred when conducting a buyback. According to ASIC, on 1 September 2021 the firm was instructed to commence a buyback ...
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